Tag:

Chapter 11 bankruptcy

National Interest
Oprah-Backed Restaurant Chain Files For Bankruptcy, Abruptly Closes 12 Locations Oprah-Backed Restaurant Chain Files For Bankruptcy, Abruptly Closes 12 Locations Oprah-Backed Restaurant Chain Files For Bankruptcy, Abruptly Closes 12 Locations
Oprah-Backed Restaurant Chain Files For Bankruptcy, Abruptly Closes 12 Locations True Food Kitchen has permanently closed 12 restaurants across the country as the Oprah Winfrey-backed chain goes through Chapter 11 bankruptcy, according to published reports. The closures include locations in Hackensack and Edison, New Jersey; Garden City, New York; and Reston, Virginia, Fox News reports. True Food Kitchen and certain affiliates filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas, according to a message shared with employees. As part of the bankruptcy process, the company closed…

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by Cecilia Levine
Pascack Valley, NJ
Your Community
Kings Food Market In Hillsdale To Close: Report Kings Food Market In Hillsdale To Close: Report Kings Food Market In Hillsdale To Close: Report
Kings Food Market In Hillsdale To Close: Report A popular Bergen County supermarket is slated to close in early 2027, according to multiple news reports. Kings Food Market in Hillsdale has plans to close no later than Jan. 2, 2027, NJ Advance Media reports. A WARN notice filed with the state says 122 employees could lose their jobs. Kings was acquired by Acme Markets for $96.4 million after filing for Chapter 11 bankruptcy protection in 2020.

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by Cecilia Levine
Lititz, PA
Breaking News
$770M ATM Ponzi Snared Amish & Mennonite Investors: Lititz’s Daryl Heller Convicted $770M ATM Ponzi Snared Amish & Mennonite Investors: Lititz’s Daryl Heller Convicted $770M ATM Ponzi Snared Amish & Mennonite Investors: Lititz’s Daryl Heller Convicted
$770M ATM Ponzi Snared Amish & Mennonite Investors: Lititz’s Daryl Heller Convicted A businessman accused of building a $770 million investment scheme around thousands of ATMs and cryptocurrency kiosks — some of which did not exist — has admitted to federal securities fraud. Daryl F. Heller, 56, of Lititz, pleaded guilty before US District Judge Catherine Henry on Monday, Aug. 10, according to US Attorney David Metcalf. Heller admitted that from approximately January 2017 through December 2024, he solicited and caused others to solicit approximately $770 million from investors in Prestige and WF Velocity ATM Funds through false and fraudulent representations, federal prose…

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by Jillian Pikora
Hartford, CT
On Your Side
Red Lobster Replaces Endless Shrimp With New Deal After Emerging From Bankruptcy Red Lobster Replaces Endless Shrimp With New Deal After Emerging From Bankruptcy Red Lobster Replaces Endless Shrimp With New Deal After Emerging From Bankruptcy
Red Lobster Replaces Endless Shrimp With New Deal After Emerging From Bankruptcy Red Lobster is offering a new deal after its popular Endless Shrimp promotion helped push the company into bankruptcy. The seafood restaurant chain has introduced Ultimate SpendLESS Shrimp. The limited-time deal features Garlic Shrimp Scampi, Shrimp Linguini Alfredo, and Popcorn Shrimp for $15.99. The new promo comes nearly a year after Red Lobster emerged from Chapter 11 bankruptcy. "Since stepping into this role, I've gotten questions about Endless Shrimp," said CEO Damola Adamolekun. "'Is it coming back?' 'What really happened with the promotion?' 'How much shri…

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by Chris Spiker
Windsor Locks, CT
On Your Side
Spirit Airlines Files For Second Bankruptcy In Less Than A Year: What To Know Spirit Airlines Files For Second Bankruptcy In Less Than A Year: What To Know Spirit Airlines Files For Second Bankruptcy In Less Than A Year: What To Know
Spirit Airlines Files For Second Bankruptcy In Less Than A Year: What To Know Spirit Airlines has filed for bankruptcy for the second time in less than a year, underscoring the financial crisis facing the nation's largest budget carrier. Spirit announced the Chapter 11 bankruptcy filing in a news release on Friday, Aug. 29. The Dania Beach, Florida-based airline previously emerged from bankruptcy in March, after Spirit shed nearly $800 million in debt and secured $350 million in new equity. The filing came less than three weeks after Spirit executives admitted there is "substantial doubt" about the company's ability to survive another 12 months without…

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by Chris Spiker
Windsor Locks, CT
On Your Side
Spirit Reportedly Furloughing, Demoting Pilots Amid Post-Bankruptcy Struggles Spirit Reportedly Furloughing, Demoting Pilots Amid Post-Bankruptcy Struggles Spirit Reportedly Furloughing, Demoting Pilots Amid Post-Bankruptcy Struggles
Spirit Reportedly Furloughing, Demoting Pilots Amid Post-Bankruptcy Struggles Spirit Airlines is cutting hundreds of pilot jobs for the second time in two years, according to reports. Spirit will furlough 270 pilots and downgrade 140 captains, CNBC reported. The move is part of the carrier's continued effort to stabilize its finances after bankruptcy. The furloughs take effect Saturday, Nov. 1, with the demotions scheduled for Wednesday, Oct. 1. "We are taking necessary steps to ensure we operate as efficiently as possible as part of our efforts to return to profitability," Spirit told CNBC. Both moves aim to align staffing with a slimmer flight schedule durin…

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by Chris Spiker
Manchester, CT
On Your Side
Major Home Goods Chain Declares Bankruptcy, Blames Trump Tariffs: See List Of Closing Stores Major Home Goods Chain Declares Bankruptcy, Blames Trump Tariffs: See List Of Closing Stores Major Home Goods Chain Declares Bankruptcy, Blames Trump Tariffs: See List Of Closing Stores
Major Home Goods Chain Declares Bankruptcy, Blames Trump Tariffs: See List Of Closing Stores A popular home goods retailer is declaring bankruptcy, citing President Donald Trump’s sweeping tariffs and a significant drop in consumer spending. At Home has filed for Chapter 11 bankruptcy, the Dallas-area company announced on Monday, June 16. The retailer said it reached a deal with lenders to eliminate nearly $2 billion in debt and receive a $200 million capital infusion. The move will allow At Home to continue operating during the court-supervised restructuring process. "We are continuing to offer the home furnishing pairings that customers expect to find at our store…

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by Chris Spiker
New Rochelle, NY
On Your Side
WeightWatchers Files For Bankruptcy, Hopes To Adapt In Weight-Loss Drug Era WeightWatchers Files For Bankruptcy, Hopes To Adapt In Weight-Loss Drug Era WeightWatchers Files For Bankruptcy, Hopes To Adapt In Weight-Loss Drug Era
WeightWatchers Files For Bankruptcy, Hopes To Adapt In Weight-Loss Drug Era WeightWatchers is going on a financial diet, aiming to lose $1.15 billion in debt through a fast-track bankruptcy plan. Parent company WW International announced it was filing for Chapter 11 bankruptcy in a news release on Tuesday, May 6. The prominent wellness platform has struggled to keep up with more convenient weight-loss options like the drug Ozempic. WeightWatchers said it will remain open for its roughly three million worldwide members during its financial restructuring, which the company expects to last 45 days. "For more than 62 years, WeightWatchers has …

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by Chris Spiker
Drexel Hill-Upper Darby, PA
On Your Side
Philly-Based Rite Aid Files For Bankruptcy Again: What It Means For Your Prescriptions Philly-Based Rite Aid Files For Bankruptcy Again: What It Means For Your Prescriptions Philly-Based Rite Aid Files For Bankruptcy Again: What It Means For Your Prescriptions
Philly-Based Rite Aid Files For Bankruptcy Again: What It Means For Your Prescriptions Rite Aid has declared bankruptcy for the second time in less than two years, as part of a plan to sell off its pharmacies, inventory, and other assets. The Philadelphia-based pharmacy chain officially filed for Chapter 11 bankruptcy on Monday, May 5. Rite Aid has entered talks with several potential national and regional buyers. The company said it has secured $1.94 billion in new financing to keep most stores open during the process. Pharmacy services and immunizations will remain available in-store and online. In October 2023, Rite Aid previously filed for bankruptcy …

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by Chris Spiker
Hartford, CT
On Your Side
Company Selling Toilet Paper, Napkins At Major Retailers Files For Bankruptcy Company Selling Toilet Paper, Napkins At Major Retailers Files For Bankruptcy Company Selling Toilet Paper, Napkins At Major Retailers Files For Bankruptcy
Company Selling Toilet Paper, Napkins At Major Retailers Files For Bankruptcy A large supplier of paper goods sold at nationwide chains has declared bankruptcy. Royal Paper has filed for Chapter 11 bankruptcy to help sell its business to Sofidel America, the company announced in a news release on Tuesday, April 8. Royal offers products at many retailers, including Aldi, Trader Joe's, and Whole Foods. The Phoenix-based company has signed an asset purchase agreement with Sofidel, a global paper manufacturer, which would take over most of Royal's assets through a court-supervised auction process.  "Our team has been working diligently to strengthen …

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by Chris Spiker
New Rochelle, NY
On Your Side
23andMe Files For Bankruptcy As Customers Urged To Delete Their Genetic Data 23andMe Files For Bankruptcy As Customers Urged To Delete Their Genetic Data 23andMe Files For Bankruptcy As Customers Urged To Delete Their Genetic Data
23andMe Files For Bankruptcy As Customers Urged To Delete Their Genetic Data Embattled genetic testing company 23andMe has filed for Chapter 11 bankruptcy, the latest blow after a massive data breach exposed the personal information of millions of customers. 23andMe CEO and co-founder Anne Wojcicki resigned on Sunday, Mar. 23, so she could bid for the company independently. Joseph Selsavage, the company’s chief financial and accounting officer, is now serving as interim CEO, according to a filing with the U.S. Securities and Exchange Commission. Wojcicki confirmed the move in a social media post on Monday, Mar. 24. "While I am disappointed that we have come to…

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by Chris Spiker
Atlantic City, NJ
On Your Side
Spirit Airlines Exits Bankruptcy After Slashing $795M In Debt, Cutting Jobs Spirit Airlines Exits Bankruptcy After Slashing $795M In Debt, Cutting Jobs Spirit Airlines Exits Bankruptcy After Slashing $795M In Debt, Cutting Jobs
Spirit Airlines Exits Bankruptcy After Slashing $795M In Debt, Cutting Jobs Spirit Airlines has flown past its financial turbulence, as the budget airline exits bankruptcy after shedding nearly $800 million in debt, officials said. Spirit has ended its financial restructuring process, the airline said in a news release on Wednesday, Mar. 12. The Dania Beach, Florida-based company filed for Chapter 11 bankruptcy in November 2024. The airline has finalized a plan that eliminates $795 million in funded debt and it also received $350 million in equity investments. "We're pleased to complete our streamlined restructuring and emerge in a stronger financial position to c…

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by Chris Spiker
Windsor Locks, CT
On Your Side
Frontier Proposes Another Airline Merger With Spirit: Here's How Spirit Responded Frontier Proposes Another Airline Merger With Spirit: Here's How Spirit Responded Frontier Proposes Another Airline Merger With Spirit: Here's How Spirit Responded
Frontier Proposes Another Airline Merger With Spirit: Here's How Spirit Responded Frontier Airlines and Spirit Airlines have discussed a merger yet again, but Spirit rejected the bid in order to pursue a plan to exit bankruptcy on its own. Frontier confirmed the latest merger discussion in a news release on Wednesday, Jan. 29. Spirit also confirmed the talks in a regulatory filing on the same day. The deal first proposed on Tuesday, Jan. 7, offered $400 million in debt and a 19-percent stake in Frontier to Spirit shareholders. Frontier argued the merger would create a stronger low-cost airline while providing more value than Spirit's existing Chapter 11 ba…

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by Chris Spiker
Atlantic City, NJ
On Your Side
Revealing Clothes, Offensive Tattoos May Now Get You Kicked Off This Airline's Flights Revealing Clothes, Offensive Tattoos May Now Get You Kicked Off This Airline's Flights Revealing Clothes, Offensive Tattoos May Now Get You Kicked Off This Airline's Flights
Revealing Clothes, Offensive Tattoos May Now Get You Kicked Off This Airline's Flights Travelers on Spirit Airlines may not be allowed on flights with offensive clothing or tattoos, according to a new policy. Spirit made the change in its Contract of Carriage, which was updated on Wednesday, Jan. 22. The new rules allow the airline to deny boarding or remove passengers whose attire or body art is deemed "lewd, obscene, or offensive in nature." The changes, outlined in section 4.3 of the contract, could prevent a flyer from boarding or forcing that person to leave a plane for not following the policy. Passengers removed for violating these rules will not be elig…

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by Chris Spiker
Hartford, CT
On Your Side
Crafting Trouble: Joann Declares Bankruptcy For Second Time In Less Than 12 Months Crafting Trouble: Joann Declares Bankruptcy For Second Time In Less Than 12 Months Crafting Trouble: Joann Declares Bankruptcy For Second Time In Less Than 12 Months
Crafting Trouble: Joann Declares Bankruptcy For Second Time In Less Than 12 Months Arts and crafts retailer Joann is declaring bankruptcy for the second time in less than a year, officials said. Joann filed for Chapter 11 bankruptcy in a Delaware court, the company said in a news release on Wednesday, Jan. 15. The chain known for sewing and other craft materials said the move will help facilitate a sale to maximize the business's value. Interim CEO Michael Prendergast said the bankruptcy declaration was necessary despite the chain's efforts to drastically improve its financial health. "Since becoming a private company in April [2024], the Board and management team h…

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by Chris Spiker
Harrisburg, PA
On Your Side
PA Attorney General Warns Consumers Amid Big Lots Bankruptcy, Closures PA Attorney General Warns Consumers Amid Big Lots Bankruptcy, Closures PA Attorney General Warns Consumers Amid Big Lots Bankruptcy, Closures
PA Attorney General Warns Consumers Amid Big Lots Bankruptcy, Closures Attorney General Michelle Henry is warning Pennsylvanians to protect themselves as Big Lots closes its remaining 64 stores across the state amidst Chapter 11 bankruptcy proceedings. The retailer began going-out-of-business sales on Dec. 20, 2024, following a federal bankruptcy court order. Henry issued the alert on Friday, Jan. 10, to ensure consumers understand their rights and avoid potential financial losses during the liquidation process. “Consumers should take steps to safeguard their purchases and claims as Big Lots winds down operations,” Henry said. The Attorney General’s Office of…

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by Jillian Pikora
Clifton, NJ
Breaking News
Big Lots Laying Off 385 NJ Employees As Stores Close: Here's Where Big Lots Laying Off 385 NJ Employees As Stores Close: Here's Where Big Lots Laying Off 385 NJ Employees As Stores Close: Here's Where
Big Lots Laying Off 385 NJ Employees As Stores Close: Here's Where Big Lots, the popular discount retailer, is officially going out of business, which means hundreds of workers are about to lose their jobs. The company, which filed for Chapter 11 bankruptcy in September, has announced plans to close all 963 of its remaining stores nationwide, including 18 locations in New Jersey. According to a WARN notice, 385 New Jersey employees will be out of work by Feb. 28, 2025. The layoffs will be in Somers Point, Edgewater Park, North Cape May, Toms River, Clifton, Brickton, South Plainfield, West Deptford, Sicklerville, Middletown, Dover, Barnegat, Cape May Court…

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by Cecilia Levine
Gettysburg, PA
On Your Side
These 64 PA Big Lots Stores Are Among Nearly 1,000 Closing Nationwide: Here's When These 64 PA Big Lots Stores Are Among Nearly 1,000 Closing Nationwide: Here's When These 64 PA Big Lots Stores Are Among Nearly 1,000 Closing Nationwide: Here's When
These 64 PA Big Lots Stores Are Among Nearly 1,000 Closing Nationwide: Here's When Big Lots, the popular discount retailer, is officially going out of business. The company, which filed for Chapter 11 bankruptcy in September, has announced plans to close all 963 of its remaining stores nationwide, including the remaining 64 locations in Pennsylvania. Big Lots had 73 stores located in the Keystone State when they declared bankruptcy over the summer. More than 6% of all Big Lots were located in the commonwealth, with the most stores located in Texas.  The last day of business is expected to be in mid-February, according to sources familiar with the closures. While offi…

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by Jillian Pikora
Hackensack, NJ
On Your Side
These 18 NJ Big Lots Stores Are Among Nearly 1,000 Closing Nationwide: Here's When These 18 NJ Big Lots Stores Are Among Nearly 1,000 Closing Nationwide: Here's When These 18 NJ Big Lots Stores Are Among Nearly 1,000 Closing Nationwide: Here's When
These 18 NJ Big Lots Stores Are Among Nearly 1,000 Closing Nationwide: Here's When Big Lots, the popular discount retailer, is officially going out of business.  The company, which filed for Chapter 11 bankruptcy in September, has announced plans to close all 963 of its remaining stores nationwide, including 18 locations in New Jersey. The last day of business is expected to be in mid-February, according to sources familiar with the closures. While official store closing sales have not yet begun, all Christmas items are currently 50% off, offering shoppers a chance to stock up before the doors shut for good. The closures mark the end of an era for the budget-friendl…

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by Cecilia Levine
Massapequa, NY
On Your Side
Big Lots To Begin 'Going Out Of Business' Sales At Nearly 1,000 Remaining Stores Big Lots To Begin 'Going Out Of Business' Sales At Nearly 1,000 Remaining Stores Big Lots To Begin 'Going Out Of Business' Sales At Nearly 1,000 Remaining Stores
Big Lots To Begin 'Going Out Of Business' Sales At Nearly 1,000 Remaining Stores Big Lots has announced plans to close all of its remaining 963 stores, initiating "going out of business" sales following its Chapter 11 bankruptcy filing in September. The company says it's started the process of closing stores in 48 states and liquidating inventory under its court-supervised Chapter 11 bankruptcy proceedings.  The decision comes as the retailer seeks to maximize value for stakeholders while exploring potential going-concern sale opportunities. "We all have worked extremely hard and have taken every step to complete a going concern sale," Big Lots' President and Chie…

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by Joe Lombardi
Hartford, CT
On Your Side
What Spirit Airlines' Bankruptcy Means For Holiday Travelers What Spirit Airlines' Bankruptcy Means For Holiday Travelers What Spirit Airlines' Bankruptcy Means For Holiday Travelers
What Spirit Airlines' Bankruptcy Means For Holiday Travelers Spirit Airlines, the no-frills budget carrier, announced it would file for Chapter 11 bankruptcy a week before a record number of people are expected to fly during the Thanksgiving holiday, reports said.  The Florida-based airline announced Monday, Nov. 18, that its debt, growing losses, and increased competition have kept the company in the red for four years, and it would need to restructure its bills to keep it in the air, NBC News reported.  However, despite its financial troubles, the airline promised passengers they would not feel any of that pain in the air.  "Guests …

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by Josh Lanier
Gettysburg, PA
On Your Side
Big Lots To Close 5 More Pennsylvania Stores Big Lots To Close 5 More Pennsylvania Stores Big Lots To Close 5 More Pennsylvania Stores
Big Lots To Close 5 More Pennsylvania Stores Things have gotten worse for the discount retailer Big Lots.  The national chain was previously set to close approximately 300 stores, then they decided to close 40 more, but following a new filing with the Securities & Exchange Commission on Friday, Oct. 4,  the impending closure of another 150 stores nationwide has been announced. The store closures are part Chapter 11 bankruptcy process. This latest round brings the total number of planned and completed closures to about 500. Big Lots had 73 stores located in the Keystone State when this process started, at the tim…

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by Jillian Pikora
Yonkers, NY
On Your Side
Popular Fast Casual Dining Chain Files For Bankruptcy Popular Fast Casual Dining Chain Files For Bankruptcy Popular Fast Casual Dining Chain Files For Bankruptcy
Popular Fast Casual Dining Chain Files For Bankruptcy A popular fast casual dining chain has filed for bankruptcy after months of reporting financial distress. BurgerFi International, Inc., announced the Chapter 11 filing on Wednesday, Sept. 11. The Florida-based company is also the parent company of Anthony’s Coal Fired Pizza. All 144 locations of the two brands across the the nation will remain open and continue normal operations. BurgerFi makes up 93 of the eateries, and Anthony's the other 51. The Chapter 11 filing includes the 67 corporate-owned locations of both brands. "BurgerFi and Anthony's Coal Fired Pizza & Wings are dyn…

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by Joe Lombardi
Worcester, MA
On Your Side
Popular Italian Restaurant Chain Files For Bankruptcy, Closing Multiple Locations Popular Italian Restaurant Chain Files For Bankruptcy, Closing Multiple Locations Popular Italian Restaurant Chain Files For Bankruptcy, Closing Multiple Locations
Popular Italian Restaurant Chain Files For Bankruptcy, Closing Multiple Locations Buca di Beppo is Buca di bankrupt. The popular Italian eatery chain announced it had filed for Chapter 11 this week and would close several underperforming locations, including restaurants in Pennsylvania, New Jersey, and Maryland.  Like many other restaurant chains, Buca di Beppo said the business hadn't bounced back since the COVID-19 pandemic. Customer spending is lower than expected, and supply costs remain high, according to court documents. It's a common tale for several "fast-casual" dining restaurants that have failed to thrive in recent years.   Revenue for…

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by Josh Lanier
Hackensack, NJ
Breaking News
Hackensack Rite Aid To Close Hackensack Rite Aid To Close Hackensack Rite Aid To Close
Hackensack Rite Aid To Close A Rite Aid is Hackensack is closing. Rite Aid announced the location at 219 Essex St. is set to shutter. The pharmacy closing on Thursday, May 16 and the front end of the store closing on Sunday, June 16, a spokesperson tells Daily Voice.  The closure comes after Rite Aid filed for Chapter 11 bankruptcy last October. More than 200 stores across the country have shut down with another dozen set to close as of last October (click here for a list of New Jersey stores closing). "Rite Aid regularly assesses its retail footprint to ensure we are operating efficiently while meeting the need…

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by Sam Barron
Highland Lakes-Vernon, NJ
On Your Side
Rite Aid To Close 12 New Jersey Stores After Filing For Bankruptcy Rite Aid To Close 12 New Jersey Stores After Filing For Bankruptcy Rite Aid To Close 12 New Jersey Stores After Filing For Bankruptcy
Rite Aid To Close 12 New Jersey Stores After Filing For Bankruptcy Rite Aid, the pharmacy giant that filed for bankruptcy on Sunday, Oct. 15, plans to close 154 underperforming stores nationwide, according to a new filing.  A dozen of the stores closing are located in New Jersey. They are: 431 Haledon Avenue in Haledon 35 Mill Road in Irvington 1636 Route 38 Suite 49 in Lumberton 210 Bridgeton Pike in Mantua 108 Swedesboro Road Suite 20 in Mullica Hill 2370 Route 33 in Robbinsville 773 Hamilton Street in Somerset 4057 Asbury Avenue Suite 8 in Tinton Falls 1726 Route 37 in East Toms River 3 Marshall Hill Road in West Milford 1434 South Black …

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by Cecilia Levine
Hagerstown, MD
On Your Side
Rite Aid To Close These Maryland Stores After Filing For Bankruptcy Rite Aid To Close These Maryland Stores After Filing For Bankruptcy Rite Aid To Close These Maryland Stores After Filing For Bankruptcy
Rite Aid To Close These Maryland Stores After Filing For Bankruptcy Rite Aid, the pharmacy giant that filed for bankruptcy on Sunday, Oct. 15, plans to close 154 underperforming stores nationwide, according to a new filing.  Some of those closures will be in Maryland. The stores closing are: 5 Bel Air South Parkway, Suite 1347 in Bel Air 728 East Pulaski Highway in Elkton 5624 Baltimore National Pike in Baltimore 5804 Ritchie Highway in Baltimore 7501 Ritchie Highway in Glen Burnie 7967 Baltimore Annapolis Boulevard in Glen Burnie  Rite Aid announced earlier this week that declining sales and rising debt forced the company's hand in filing …

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by Cecilia Levine
Bristol, PA
On Your Side
Rite Aid To Close 39 Pennsylvania Stores After Filing For Bankruptcy Rite Aid To Close 39 Pennsylvania Stores After Filing For Bankruptcy Rite Aid To Close 39 Pennsylvania Stores After Filing For Bankruptcy
Rite Aid To Close 39 Pennsylvania Stores After Filing For Bankruptcy Rite Aid, the pharmacy giant that filed for bankruptcy on Sunday, Oct. 15, plans to close 154 underperforming stores nationwide, according to a new filing.  Thirty-nine of the stores closing are located in Pennsylvania.  They are: 1441 Old York Road in Abington 1628 South Fourth Street in Allentown 169 West Lancaster Avenue in Ardmore 5235 Library Road in Bethel Park 2178 West Union Boulevard in Bethlehem 2722 West 9th Street in Chester 200 West Ridge Avenue Suite 112 in Conshohocken 2715 Parade Street in Erie 1709 Liberty Street in Erie 4830 William Penn Highway in Export 6090 …

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by Cecilia Levine
Worcester, MA
On Your Side
Rite Aid Will Close Stores In Mass, Connecticut After Filing For Bankruptcy Rite Aid Will Close Stores In Mass, Connecticut After Filing For Bankruptcy Rite Aid Will Close Stores In Mass, Connecticut After Filing For Bankruptcy
Rite Aid Will Close Stores In Mass, Connecticut After Filing For Bankruptcy Rite Aid, the pharmacy giant that filed for bankruptcy on Sunday, Oct. 15, plans to close 154 underperforming stores nationwide, according to a new filing. Some of those closures will be in Massachusetts and Connecticut.  Related: Why Is Rite Aid Filing For Bankruptcy? Rite Aid announced earlier this week that declining sales and rising debt forced the company's hand in filing for Chapter 11 bankruptcy. The chain has more than 2,100 stores nationwide, and reducing rent costs will play a large part in bringing its balance sheet back into the black.  The only store in Massachusetts…

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by Josh Lanier
Ridgefield, CT
On Your Side
Rite Aid Plans To Close 400-Plus Stores, Report Says Rite Aid Plans To Close 400-Plus Stores, Report Says Rite Aid Plans To Close 400-Plus Stores, Report Says
Rite Aid Plans To Close 400-Plus Stores, Report Says Rite Aid will close 400 to 500 stores as part of a Chapter 11 bankruptcy reorganization, according to a new report. The drugstore chain is now negotiating with creditors to formulate a bankruptcy plan that would include liquidating a substantial portion of its more than 2,100 drugstores, The Wall Street Journal says. Rite Aid is facing over $3 billion in debt and more than a thousand federal lawsuits alleging it oversupplied opioids, the report said. Founded 61 years ago in Scranton, Pennsylvania, Rite Aid moved its headquarters to Philadelphia in 2022. Click here to read the complet…

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by Joe Lombardi
White Plains, NY
On Your Side
Bed Bath & Beyond Lives On - Sort Of: Overstock's Acquisition To Include Rebranding Bed Bath & Beyond Lives On - Sort Of: Overstock's Acquisition To Include Rebranding Bed Bath & Beyond Lives On - Sort Of: Overstock's Acquisition To Include Rebranding
Bed Bath & Beyond Lives On - Sort Of: Overstock's Acquisition To Include Rebranding Despite filing for bankruptcy and announcing the closures of its remaining stores, Bed Bath & Beyond will live on -- sort of -- thanks to one of the biggest names in e-commerce. Overstock purchased the home goods retailer's brand and domain names, and loyalty program assets this week for over $21 million. Overstock currently specializes in online furniture and home furnishings. Within the next week, Overstock said it plans to re-launch the Bed Bath & Beyond domain in Canada, followed weeks later by the re-launch of a refreshed website, mobile app, and loyalty program in th…

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by Joe Lombardi